Market Comment | US data boosted odds of a March rate hike ahead of tomorrow’s ECB

Sovereign bond yields increased significantly amid increasing odds of a rate-hike in next week’s FOMC meeting (market implied probability at 100%) as ADP employment data showed higher-than-expected job creation in the US (see). As a result, the USD appreciated and US Treasuries yields rose (pushing up other sovereign bond yields significantly), with no negative impact […]

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